. >>> a pretty overwhelming consensus shoulds that some way, some how, washington will avoid the fiscal cliff, and then there are those disconcerting moments. >> there's not going to be an agreement without rates going up. >> if there's no agreement, we go over the cliff. >> so just in case washington's consensus is wrong, and there's no deal, income tax rates will go up, a typical family of four will pay about $2,000 more a year, the social security tax rate jumps 2%, the average worker will pay $1,000 more annually. bents for the long-term unemployed will expire. most defense programs will be cut by about 10%. nondefense, discretionary spending, education, air travel safety, and food inspections would be cut about 8%. the cbo warns no deal could send the economy back into recession, others argue the economy might prosper in the long return, and nearly everyone, including a cranky public, thinks the republicans will get the claim. we'll have more next, with dana bash, it -- unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond